If Trump is elected as the President of the United States in 2024, will the recently popular SHIB (Shiba Inu Coin) experience explosive growth? This issue is indeed worth discussing.
Let's first look at Trump's style. When he was President before, his policies were quite unconventional. In terms of economic policy, he particularly emphasized 'America First' and implemented many protectionist measures. If he is elected again, according to his nature, he is likely to continue pushing policies that may be beneficial to the U.S. economy but could change the global trade landscape.
From historical experience, Trump's policies have had a significant impact on the financial markets. When he was first elected, the financial market experienced short-term turbulence before slowly adapting. So, if he is elected again, how will the cryptocurrency market, especially SHIB, react?
On the positive side, Trump publicly expressed support for Bitcoin and other cryptocurrencies during his campaign. He even mentioned some bold ideas, such as increasing Bitcoin as a reserve currency for the dollar. If he actually promotes some supportive policies for cryptocurrencies after being elected, it would undoubtedly be a major boon for the entire cryptocurrency market. SHIB, as a member of the cryptocurrency market, may also benefit from this, attracting more investor attention and capital inflow. Moreover, Trump has always been considered pro-business, and his policies could make the U.S. business environment more favorable for the development of the cryptocurrency industry. This could potentially drive up the demand for SHIB, thus pushing its price up.
However, things are not that simple. Trump's policies also contain many uncertainties, which could bring huge volatility to the cryptocurrency market. If his protectionist trade policies are implemented again, it could escalate global trade tensions. This would not only affect the stability of the global economy but also shake investors' confidence in the market. In this uncertain environment, the cryptocurrency market would also find it hard to remain unaffected. As a high-risk investment asset, SHIB's price could be greatly impacted.
Additionally, even if Trump supports cryptocurrencies, the U.S. government's regulatory policies on cryptocurrencies are not solely determined by him. The U.S. political system is quite complex, and various interest groups will influence policy formulation. Furthermore, the cryptocurrency market itself has many issues, such as high price volatility, lack of regulation, and susceptibility to manipulation. Until these issues are resolved, it won't be easy for SHIB to achieve explosive growth.
Now, let's take a look at SHIB's own situation. Recently, SHIB has performed relatively well, with a certain upward trend in price, but this does not mean it will continue to rise. The attitude of SHIB's whale holders is currently somewhat ambiguous; they have not shown significant accumulation or selling behavior, indicating that they are also hesitant about SHIB's future trend. Moreover, SHIB's market momentum is not particularly strong; although it is currently above all moving averages, the distance between these averages is narrow, suggesting that the upward momentum is not very strong.
Overall, if Trump is elected as the President of the United States in 2024, SHIB may be influenced by some positive factors and experience a certain degree of increase. However, due to various uncertainties and risks, it is still quite difficult for it to achieve explosive growth.
